| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹44.03 Cr |
| Reserved for Market Maker | ₹2.21 Cr |
| Net Issue Size | ₹44.03 Cr |
| Fresh Issue | ₹41.82 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹66.00-70.00 per share |
| BSE Code | 544809 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Galactico Corporate Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 4,000 shares · Multiples of 2,000 shares
Adon Agro Commodities IPO comprises a total issue size of 62,90,000 shares. The net offer to the public is 59,74,000 shares, after excluding 3,16,000 shares allotted on a firm basis. Of the Net offer 64,000 (1.07%) are allocated to QIB, 29,50,000 (49.38%) allocated to NII 29,60,000 (49.55%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 64,000 | 1.07% | 1.02% |
| NII (HNI) Shares Offered | 29,50,000 | 49.38% | 46.90% |
| − bNII > ₹10L | 19,66,000 | 31.26% | |
| − sNII < ₹10L | 9,84,000 | 15.64% | |
| Retail Shares Offered | 29,60,000 | 49.55% | 47.06% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 5.02% | |
| Total Shares Offered | 62,90,000 | 100.00% | 100.00% |
Adon Agro Commodities Limited is engaged in the trading and distribution of agro-based products, with a primary focus on dry fruits and related food products. The company sources a wide range of premium-quality dry fruits, including walnuts, cashews, figs (anjeer), apricots, and wet dates, from both domestic and international suppliers to cater to the growing demand in the Indian market.
Through its wholesale business segment, the company imports and distributes dry fruits procured from various global markets across Asia, the United States, Australia, the Middle East, and North Africa. Its extensive sourcing network enables access to quality products while ensuring a consistent supply chain.
In addition to its wholesale operations, Adon Agro Commodities has established a retail presence under its proprietary brand, “Hunger Nuts”. The brand offers a range of packaged dry fruit products, including roasted almonds, pistachios, cashews, and other value-added snack offerings targeted at retail consumers.
The company primarily markets and distributes its products across key Indian markets, with a strong presence in Maharashtra, Madhya Pradesh, and Delhi. Its distribution capabilities support efficient delivery and market reach across both wholesale and retail channels.
Key Business Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements | 32.00 |
| 2 | General Corporate Purpose | |
| Total | 32.00 |
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 86.43 | 39.11 | 20.22 | 3.65 |
| Total Income | 287.33 | 103.04 | 72.92 | 22.33 |
| Profit After Tax | 21.55 | 7.22 | 1.79 | 0.09 |
| EBITDA | 31.28 | 10.45 | 2.84 | 0.47 |
| NET Worth | 36.72 | 12.17 | 4.95 | 0.26 |
| Reserves and Surplus | 30.45 | 9.17 | 1.95 | 0.16 |
| Total Borrowing | 10.19 | 4.74 | 6.96 | |
| Amount in ₹ Crore | ||||
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 88.16% | 84.36% |
| ROCE | 68.79% | 60.65% |
| Debt / Equity | 0.28% | 0.39% |
| RoNW | 88.16% | 84.36% |
| PAT Margin | 7.50% | 7.01% |
| EBITDA Margin | 10.89% | 10.14% |
| Price to Book Value | 1.20 | 1.73 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.32 | 10.91 |
| P/E (x) | 16.22 | 6.42 |
| Promoter Holding | 90.04% | 65.44% |
| Market Cap | ₹161.12 Cr. | |